Socialism Definition In Your Own Words

How to use socialism in a sentence.

Socialism definition in your own words. In some socialist economic models worker cooperatives own and operate the primary means of production. A supporter of socialism or member of a socialist political party. The word socialist has become so politicized that it can be hard to define accurately. Socialism has three main meanings.

That is what it is. Socialism is an economic system where everyone in society equally owns the factors of production. Socialism definition a theory or system of social organization that advocates the ownership and control of the means of production and distribution capital land etc by the community as a whole usually through a centralized government. A theory or system of social organization that advocates the vesting of the ownership and control of the means of production and distribution of capital land etc in the community as a whole.

1 that ownership is acquired through a democratically elected government or through a cooperative or a public corporation in which everyone owns shares. Communism socialism capitalism and democracy socialism vs. Procedure or practice in accordance with this theory. It s not my definition it s the definition of socialism as widely accepted among economists.

Socialism is an economic system in which the means of production is controlled by the workers. Socialism definition is any of various economic and political theories advocating collective or governmental ownership and administration of the means of production and distribution of goods.